June 2016
Price Situation in the Cordillera
Consumer Price Index (CPI)
The Consumer Price Index (CPI) is the general measure of the change in the average
retail prices of a market basket or collection of goods and services commonly purchased
by the average Filipino household.
The Consumer Price Index of CAR in June 2016 was recorded at 141.6 which is higher
by 2.6 index points from last year’s 139.0.
Generally, CPI increased in all the provinces reflecting the increase in the average prices
of goods and services.
Table 1. Consumer Price Index by Province, CAR:
June 2015 and June 2016
(2006=100)
Province
June
Index Point
Change
2015
2016
CAR
139.0
141.6
2.6
Abra
130.6
133.8
3.2
Apayao
129.6
131.1
1.5
Benguet
141.4
143.2
1.8
Ifugao
142.2
146.0
3.8
Kalinga
133.4
137.5
4.1
Mt. Province
146.5
151.4
4.9
Among the provinces in CAR, Mountain Province posted the highest CPI in 2016 at 151.4
followed by Ifugao at 146.0 and Benguet at 143.2. Apayao had the lowest CPI at 131.1.
In terms of index point change, Mountain Province experienced the highest increase at
4.9, while Apayao had the least at 1.5.
PHILIPPINE STATISTICS AUTHORITY - CORDILLERA ADMINISTRATIVE REGION
Volume XVI No. VI
CPI SPECIAL RELEASE
page 2
CPI Special Release
CPI by Commodity Groups
Among the commodity groups, Alcoholic Beverages and Tobacco recorded the
highest CPI at 201.2 in the region. Among the CAR provinces, Apayao incurred the
highest at 220.2 followed by Abra and Kalinga at 208.9 and 207.2 index points,
respectively.
Education came next at 161.6 index points. Among the provinces, Mt. Province
incurred the highest index for the month at 233.9 points.
Food and Non-Alcoholic Beverages were at 154.6 index points with Benguet
experiencing the highest at 160.4 followed by Mt. Province at 160.1.
Communication had the lowest CPI among the commodity groups in the region with
Abra having the highest index at 111.4; while Apayao had the lowest at 77.9 index
points.
Across provinces, Apayao posted the lowest index for all items.
Table 2. Consumer Price Index by Commodity Group and by Province,
CAR: June 2016
(2006=100)
Province
CAR
Abra
Apayao
Benguet
Ifugao
Kalinga
Mt.
Province
141.6
133.8
131.1
143.2
146.0
137.5
151.4
154.6
142.5
148.3
160.4
152.3
147.6
160.1
201.2
208.9
220.2
204.1
177.7
207.2
180.3
132.2
147.8
117.9
127.4
146.9
122.6
144.1
131.2
114.2
100.7
141.9
140.9
110.1
130.7
129.5
124.0
114.7
133.5
117.8
136.4
135.0
131.5
123.1
110.6
137.6
115.1
126.7
135.7
130.3
147.8
114.5
128.5
131.0
143.9
122.4
83.2
111.4
77.9
79.8
101.0
78.9
87.4
108.4
108.9
116.2
105.5
106.5
114.9
113.1
161.6
152.4
142.2
147.3
170.7
166.6
233.9
129.5
119.7
133.1
124.9
148.3
132.8
150.1
Source: Philippine Statistics Authority
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CPI Special Release
By index point change, Alcoholic Beverages and Tobacco recorded the highest
change increasing at 13.7 points. Increases were also incurred for Education at 4.6
points, Food and Non-Alcoholic Beverages at 4.0 points, and Clothing and Footwear
at 3.6 points.
The rest of the commodity groups reported a minimal annual increase in their index
points. On the other hand, Transport remained the same.
Notes:
1
includes Household Equipment and Routine Maintenance of the House
2
includes Miscellaneous Goods and Services
Source: Philippine Statistics Authority
Inflation Rate
For June 2016, prices of goods and services in CAR had increased by 1.9 percent,
higher by 0.4 percentage points from the 1.5 percent last June 2015.
Mt. Province posted the highest inflation with 3.3 percent, a decrease of 1.1
percentage points from last year’s 4.4 percent, followed by Kalinga, Ifugao and Abra
with 3.1, 2.7 and 2.5 percent, respectively.
As compared to last year, the rates of price also decreased in Apayao, and Benguet.
Figure 1. Year-on-Year Consumer Price Index by Commodity Group,
CAR: June 2015 and June 2016
(2006=100)
139.0
150.6
187.5
128.6
130.7
127.6
129.4
130.3
83.1
107.4
157.0
126.8
141.6
154.6
201.2
132.2
131.2
129.5
131.5
130.3
83.2
108.4
161.6
129.5
0.0
50.0
100.0
150.0
200.0
250.0
All Items
Food & Non-Alcoholic
Beverages
Alcoholic Beverages &
Tobacco
Clothing & Footwear
Housing, Water,Elec., Gas
& Other Fuels
Furnishings1
Health
Transport
Communication
Recreation and Culture
Education
Restaurant2
June, 2015 June, 2016
13.7
0.1
1.0
4.6
2.7
2.1
3.6
0.5
2.6
4.0
1.9
0.0
page 4
CPI Special Release
By Commodity Group, Month-on-Month
By commodity, the year-on-year growth of the heavily-weighted Food and Non-
Alcoholic Beverages index in the Cordillera accelerated to 2.7 percent compared to
2.2 percent during the previous month.
Inflation in Alcoholic Beverages & Tobacco is the highest in the region with 7.3 percent,
followed by Education with 2.9 percent.
Table 3. Year-on-Year Inflation Rates by Commodity Groups, CAR:
June and May 2016 (2006 = 100)
Source: Philippine Statistics Authority
Commodity Group
Inflation Rates
June
May
All Items
1.9
2.0
Food and Non-Alcoholic Beverages
2.7
2.2
Alcoholic Beverages & Tobacco
7.3
7.3
Clothing and Footwear
2.8
2.2
Housing, Water, Electricity, Gas and Other Fuels
0.4
0.8
Furnishing, Household Equipment
& Routine Maintenance of the House
1.5
1.5
Health
1.6
1.5
Transport
0.0
-0.2
Communication
0.1
0.1
Recreation and Culture
0.9
0.9
Education
2.9
8.5
Restaurants and Miscellaneous Goods and Services
2.1
2.3
Figure 2. Year-on-Year Inflation Rates by Province, CAR:
June 2015 and June 2016
(2006=100)
1.5
0.1
1.5
1.7
1.0
0.8
4.4
1.9
2.5
1.2
1.3
2.7
3.1
3.3
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
June, 2015 June, 2016
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CPI Special Release
By Food Items, Year-on-Year
Generally, the year-on-year inflation rates modestly accelerated for all food items.
Vegetables and Corn persisted to have the highest price increases in June 2016 with
13.3 and 7.6 percent.
On the other hand, Milk, Cheese and Eggs, and Oils and Fats had the same inflation
rate at 2.0 and 0.5 percent, respectively.
Other Cereals, Meat, and Food Products, NEC continued to have a negative inflation
rate at -0.3, -0.6 and -6.4 percent, respectively.
Table 4. Year-on-Year Inflation Rates of Selected Food Items, CAR:
June and May 2016 and 2015
(2006 = 100)
*Includes flour, cereal preparation, bread, pasta and other bakery products
Source: Philippine Statistics Authority
Purchasing Power of the Peso (PPP)
The value of the peso in CAR dropped to 71 centavos from last year’s 72 centavos.
This means that the market value of goods and services worth 71 centavos in June
2006 were bought at one peso in June 2016.
Compared to June 2015, the PPP of all the provinces decreased.
Apayao had the highest peso value at 76 centavos, followed by Abra at 75 centavos
and Kalinga at 73 centavos. Meanwhile, Mountain Province had the lowest peso value
at 66 centavos.
Food Items
2016
2015
Inflation Rates
June
May
June
May
Current
Previous
Bread and Cereals
153.6
153.7
151.2
151.1
1.6
1.7
Rice
150.1
150.2
147.0
146.8
2.1
2.3
Corn
169.8
172.7
157.8
157.4
7.6
9.7
Other Cereals*
165.0
164.9
165.5
165.4
-0.3
-0.3
Meat
132.1
132.3
132.9
132.7
-0.6
-0.3
Fish
173.1
173.3
165.3
163.9
4.7
5.7
Milk, Cheese and Eggs
137.1
137.1
134.4
134.4
2.0
2.0
Oils and Fats
180.2
180.2
179.3
179.3
0.5
0.5
Fruits
192.6
190.7
188.0
187.2
2.4
1.9
Vegetables
178.4
166.9
157.5
157.2
13.3
6.2
Sugar, Jam, Honey,
Chocolate &
Confectionery
138.5
138.2
133.6
133.4
3.7
3.6
Food Products, N.E.C.
164.0
164.1
175.3
171.9
-6.4
-4.5
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CPI Special Release
TECHNICAL NOTES
Consumer Price Index (CPI) is a general measure of the change in the average retail prices of a market basket
or collection of goods and services commonly purchased by the average Filipino household.
Inflation Rate (IR) is the rate of change in the average price level between two periods (year-on year/month-
on-month as measured by the CPI).
Purchasing Power of the Peso (PPP) measures how much the peso in the reference year is worth in another
year.
Base Year (BY) is the reference point of the index number series, at which the index number is set to zero.
Market Basket (MB) is a sample of goods and services used to represent all goods and services produced or
bought.
Figure 3. Purchasing Power of the Peso by Province,
CAR: June 2015 and June 2016
(2006=100)
0.72
0.77 0.77
0.71
0.70
0.75
0.68
0.71
0.75
0.76
0.70
0.68
0.73
0.66
0.60
0.62
0.64
0.66
0.68
0.70
0.72
0.74
0.76
0.78
CAR Abra Apayao Benguet Ifugao Kalinga Mt.
Province
June, 2015 June, 2016
For more information, please contact:
Mail: PSA - CAR, Regional Office
141 Abanao Extension, Baguio City
Tel. Nos.: (074) 442-7449
Telefax No.: (074) 443-7763
Email: socd_psacar@yahoo.com
psacordillera@yahoo.com.ph
Website: psacordillera.esy.es